PICRON CONSTRUCTION
ActiveThe computed 12-month bankruptcy probability of PICRON CONSTRUCTION is 2.7% (moderate). The 2024 annual accounts show equity of €140k and a net result of €-447. Equity is growing by ~37.3% per year across the filed fiscal years. Its solvency ranks better than 60% of 9981 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69▼-18
Solvency76▲+9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.1 against 1.91 in 2023; short-term debt: 28.2% and cash: 36.6% of total assets), and 48.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
51.2%
Return on assets
-0.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
28 d late
2022
80 d late
2021
38 d late
2020
51 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€140k▼ 0.3%
2023 · €140k
2020: €21k
2021: €60k
2022: €94k
2023: €140k
2020 → 2024
Total assets
€273k▼ 17.3%
2023 · €330k
2020: €141k
2021: €217k
2022: €230k
2023: €330k
2020 → 2024
Net result
€-447
2023 · €48k
2020: €11k
2021: €39k
2022: €34k
2023: €48k
2020 → 2024
Working capital
€84k▼ 1.4%
2023 · €86k
2020: €-77k
2021: €37k
2022: €52k
2023: €86k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€21k-€60k▲ 185%€94k▲ 55.8%€140k▲ 49.7%€140k▼ 0.3%
Operating result€14k-€52k▲ 278%€36k▼ 30.8%€61k▲ 69.7%€5k▼ 92.6%
Net result€11k-€39k▲ 250%€34k▼ 13.9%€48k▲ 43.1%€-447
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 93% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €273k
Fixed assets
€112k▼ 25.9%
Current assets
€161k▼ 10.2%
Equity and liabilities €273k
Equity
€140k▼ 0.3%
Debt
€133k▼ 29.9%
The debt ratio falls from 57.5% to 48.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€58k▼
2023 · €108k
Cash flow
€53k▼
2023 · €95k
Solvency
51.2%▲
2023 · 42.5%
Current ratio
2.10▲
2023 · 1.91
Quick ratio
1.78▼
2023 · 1.91
Debt / equity
0.95▼
2023 · 1.35
ROE
-0.3%▼
2023 · 34.3%
ROA
-0.2%▼
2023 · 14.6%
Interest coverage
10.48▼
2023 · 26.76
Debt
€133k▼
2023 · €190k
Debt ≤ 1 year
€77k▼
2023 · €94k
Debt > 1 year
€56k▼
2023 · €96k
Income taxes
€1k▼
2023 · €11k
Staff costs
€135k▼
2023 · €136k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€330k€273k▼
Fixed assets21/28€151k€112k▼
Tangible fixed assets22/27€151k€112k▼
Plant, machinery and equipment23€63k€50k▼
Furniture and vehicles24€58k€40k▼
Leasing and similar rights25€29k€21k▼
Financial fixed assets28€175€175=
Current assets29/58€180k€161k▼
Stocks and contracts in progress3-€25k
Stocks30/36-€25k
Amounts receivable within one year40/41€62k€32k▼
Trade receivables40€46€2k▲
Other amounts receivable41€62k€30k▼
Cash at bank and in hand54/58€107k€100k▼
Deferred charges and accrued income490/1€10k€5k▼
Equity and liabilities
Total equity and liabilities10/49€330k€273k▼
Equity10/15€140k€140k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€130k€130k▼
Amounts payable17/49€190k€133k▼
Amounts payable after more than one year17€96k€56k▼
Financial debts170/4€96k€56k▼
Amounts payable within one year42/48€94k€77k▼
Current portion of amounts payable after more than one year42€46k€47k▲
Trade debts44€24k€21k▼
Suppliers440/4€24k€21k▼
Taxes, remuneration and social security45€18k€3k▼
Taxes450/3€10k-
Remuneration and social security454/9€7k€3k▼
Other amounts payable47/48€7k€6k▼
Accrued charges and deferred income492/3-€143
Income statement
Code20232024
Remuneration, social security and pensions62€136k€135k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€53k▲
Other operating charges640/8€8k€9k▲
Non-recurring operating charges66A€101-
Gross operating margin9900€252k€201k▼
Operating profit (loss)9901€61k€5k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€59k€613▼
Income taxes67/77€11k€1k▼
Profit (loss) for the period9904€48k€-447▼
Profit (loss) for the period to be appropriated9905€48k€-447▼
Appropriation of the result
Profit (loss) to be appropriated9906€132k€130k▼
Profit (loss) brought forward from the previous period14P€84k€130k▲
Profit to be distributed694/7€2k-
Directors or managers695€2k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-447 ▼101%
Net result drops to €-447, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Highest result since 2020net €48k ▲43.1%
Operating result €61k, net result €48k, both a record.
31-12
Financial
Equity above €100kEq €140k ▲49.7%
4 profitable years in a row build equity to €140k.
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 80 days late
2022
07-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 38 days late
2021
31-12
Financial
Liquidity times 5current ratio 1.40
Current ratio from 0.27 to 1.40; short-term debt falls from €105k to €90k.
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 51 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aubange · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de la Ballade - BATT. 236792 Aubange1 establishment unit
PICRON CONSTRUCTION/ Tandem
since 20202.298.642.949
Similar companies · same sector, comparable size
S-BUILD
BE 0833.379.161
Maasmechelen · Eq €140k
GE MAINTENANCE
BE 0737.908.494
Manage · Eq €140k
FITI-INVEST
BE 0832.546.743
Boechout · Eq €140k
SANITHERM
BE 0744.643.957
Ternat · Eq €140k
DéCORWOOD
BE 0751.595.689
Elsene · Eq €140k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 12,758 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-01-2020
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43120Site preparation
43350Other building finishing work
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filings
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:norbertpicron@gmail.com
Phone:+32497555569